Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX+0.041%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.041%, 7d avg −0.025%

Together, before fees−0.166%−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.066% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ADA-USDT	0.2463	0.0100	pay 0.0100% / 8h	7h 35m	$9K	$763K	30x
Short	OKX ADA-USDT-SWAP	0.2464	0.0100	get 0.0100% / 8h	7h 35m	$32.5M	$106.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee OKXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.025%: $6.64
Slippage, 4 orders: −$48.93
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.29
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from SunX: live order book, 16 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 16 min ago	20.80 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.04 bp	7.0 bp −$7	13.8 bp −$138	45.3 bp −$4,528	doesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2463	−0.015%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2463	0.000%	$189K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	−0.099%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.325%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2455	−0.324%	$412K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2462	−0.037%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2465	+0.086%	$2.5M	$1.1M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2454	−0.373%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	−0.032%	$1.2M	$946K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.022%	$158K	$145K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2464	+0.033%	$102.1M	$364.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	+0.041%	$72.2M	$103.7M	75x	as long as short
OKX ADA-USDT-SWAPshort	+0.0100%	8h	0.2464	+0.041%	$32.5M	$106.9M	50x
Gate ADA_USDT	+0.0100%	8h	0.2460	−0.121%	$97.6M	$58.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2464	+0.041%	$52.9M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	+0.021%	$30.2M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	+0.041%	$66.2M	$43.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2464	+0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	+0.009%	$117K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.117%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.432%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.406%	$296K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.324%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	−0.085%	$93K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	−0.081%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	−0.028%	$40K	$3K	5x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2463	long leg	$9K	$763K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2462	−0.032%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	−0.019%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2461	−0.081%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2465	+0.066%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.041%	$553K	$1.8M	50x	as long as short
Hyperliquid ADA	+0.0111%	1h	0.2464	+0.053%	$42.9M	$14.3M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	−0.284%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2461	−0.080%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0400%	1h	0.2462	−0.020%	$495K	$435K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0625% / S −0.0393%	1h	0.2460	−0.106%	$142K	—	100x	as long as short